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Technology Stocks : New Dimension Software (DDDDF)

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To: Elliot Lepler who wrote (94)11/4/1997 1:40:00 PM
From: Michael J. Dando  Read Replies (1) of 209
 
Thanks for the info Elliot. It looks like Oppenheimer is calling for a Q4 number of $0.28, to get to $0.90 for 1997. I like seeing $1.84 in two years. If the company gets a P/E commensurate with its growth rate, even if the growth slows a little, AND they hit that $1.84, we could be looking at roughly a triple by this time in 1999. I don't know about the rest of the investing world, as it has gone a little bit nutty over the last two years, but a triple in two years would MORE than please me. I've been quietly telling people for about three months now that I expect it will be a $50 stock in two years. If these earnings forecasts are anywhere near accurate, then my $50 price is in the bag. That would call for a P/E of only 27, not much above where it is now, and I think anybody reading this would agree that New D is pretty badly undervalued at the current earnings multiple. Anyway, thanks again for the info.

Mike
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